$9,678 Closing Credit*
$815,000
1,406 SqFt
3 Beds
•2 Full Baths
Listing Office: Morris Park Realty Group
Is Pelham Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pelham Gardens was a Seller's Market.
Key Takeaway
Pelham Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Pelham Gardens, NY
How much do homes in Pelham Gardens, NY cost?
Median Sold Price
$754,500
$414/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$74,500(+11.0%)
Key Takeaway
Homes in Pelham Gardens have sold for 11% more than they did a year ago.
Summary: The median home sold price in Pelham Gardens was $754,500 in October 2024, up 11% from last year, and the median price per square foot was $414.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $535K | $540K | +0.9% |
| 3 Bedrooms | $655K | $650.5K | -0.7% |
| 4 Bedrooms | $702.4K | $820K | +16.7% |
| 5+ Bedrooms | $819K | $885K | +8.1% |
Summary: Pelham Gardens housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Pelham Gardens | $680K | $754.5K | +11.0% |
| Pelham Bay | $735K | $672.5K | -8.5% |
Housing Supply in Pelham Gardens, NY
How many homes are available in Pelham Gardens, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Pelham Gardens real estate market had 38 homes for sale in October 2024, a 5.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Pelham Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pelham Gardens, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Pelham Gardens in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Pelham Gardens, NY
How long does it take to sell a home in Pelham Gardens, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 48 Days | -21.9% |
Summary: Homes in Pelham Gardens had an average of 48 days on market in Oct 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pelham Gardens has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Pelham Gardens; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.